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Armenia needs 7-10% annual growth to secure sustainable economic expansion
To ensure a sustainable economic growth Armenia needs an annual economic expansion of at least 7-10%, a former chairman of Armenia’s Central Bank, Bagrat Asatryan, told a news conference today. YEREVAN, January 30. /ARKA/. To ensure a sustainable economic growth Armenia needs an annual economic expansion of at least 7-10%, a former chairman of Armenia’s Central Bank, Bagrat Asatryan, told a news ...
01/30/2017Bagrat Asatryan: Armenia’s financial system is stable and new authorities should preserve it
What economic reforms the new cabinet ministers should implement? Is there any prospect of changes in taxation? With what indicators Armenia will end the year? Bagrat Asatryan, former head of the Central Bank of Armenia, has answered these and other questions in an interview with ARKA News Agency. YEREVAN, May 14. /ARKA/. What economic reforms the new cabinet ministers should implement? Is there any prospect ...
05/14/2018Glendale mayor to arrive in Armenia to participate in conference on local democracy
Mayor of the American city of Glendale (with strong Armenian community) Helen Asatryan said she will be visiting Armenia from June 11 to 20 to participate in the US-Armenia conference on local democracy organised by the US Department of State and executive bodies of US cities. YEREVAN, 11 June. /ARKA/. Mayor of the American ...
06/11/2024Former head of Central Bank: economic activity figures in nine months of 2022 'impressive'
In an interview with Civilnet.am, former head of Armenia's Central Bank Bagrat Asatryan described the economic activity figures in the first nine months of 2022 as 'impressive', noting that the growth was accelerated largely by the Russian-Ukrainian conflict making Armenia benefit from an influx of quality specialists from Russia ...
10/31/2022Oligarchy and monopolies block flow of investments- ex-governor of central bank says
The Armenian economy is dominated by the oligarchy and monopolies, making competition and attraction of fresh investment impossible, according to ex-chairman of the Central Bank Bagrat Asatryan. YEREVAN, September 12. /ARKA/. The Armenian economy is dominated by the oligarchy and monopolies, making competition and attraction of fresh investment impossible, according to ex-chairman of the Central Bank Bagrat Asatryan. Speaking at ...
09/12/2017Armenian experts warns of deep economic crisis
There is no threat of default in Armenia, however, a deep economic crisis is quite possible, former head of the Central Bank Bagrat Asatryan said today when asked to comment on a wake-up call, made earlier this month by Armenia’s first post-Soviet president Levon Ter-Petrosian that Armenia may soon face a “real economic disaster” in the form of a “hidden default.” ...
10/25/2016Over 200,000 people migrate from Armenia in five years – ex-head of central bank
More than 200,000 people migrated from Armenia over the last five years, ex-head of the Central Bank of Armenia Bagrat Asatryan said in his interview to Zhamanak (Time) newspaper. YEREVAN, August 4. /ARKA/. More than 200,000 people migrated from Armenia over the last five years, ex-head of the Central Bank of Armenia Bagrat Asatryan said in his interview to Zhamanak ...
08/04/2015Bagrat Asatryan: Armenia should enlarge its food reserves
Armenia should enlarge its food reserves, Bagrat Asatryan, director general of Garni Invest Universal Credit Organization and former chairman of the Central Bank of Armenia, said Monday at a news conference. YEREVAN, August 24. /ARKA/. Armenia should enlarge its food reserves, Bagrat Asatryan, director ...
08/25/2010Political uncertainty harms economy, former head of Armenian central bank says
There are many factors that cause economic slowdown, but political uncertainty is decisive, a former head of the Central Bank of Armenia Bagrat Asatryan told a news conference today. YEREVAN, October 30 /ARKA/. There are many factors that cause economic slowdown, but political uncertainty is decisive, a former head of the Central Bank of Armenia Bagrat Asatryan told a news conference today....
10/30/2018Former chief of central bank speaks against postponement of funded pension system
A former head of Armenia’s Central Bank Bagrat Asatryan disagreed today with the decision of Labor and Social Affairs Minister Mane Tandilyan to postpone the introduction of mandatory funded pension system for the private sector, saying that the delay could have negative consequences. YEREVAN,...
05/30/2018Asatryan: Armenian economy under threat of significant decline
A significant decline threatens to Armenia's economy despite some progress, Bagrat Asatryan, a former head of the Central Bank of Armenia, said in an interview with ARKA News Agency. YEREVAN, September 10. /ARKA/. A significant decline threatens to Armenia's economy despite some progress, Bagrat Asatryan, a former head of the ...
09/10/2015Some 50 Armenian organizations take part in female entrepreneurship exhibition in Yerevan
Some 50 Armenian organizations have taken part in the female entrepreneurship exhibition opened Wednesday in Yerevan, Lilit Asatryan, the chair of the Armenian Young Women's Association, told ARKA News Agency. YEREVAN, June 10. /ARKA/. Some 50 Armenian organizations have taken part in the female entrepreneurship exhibition opened Wednesday in Yerevan, Lilit Asatryan, the ...
06/10/2015Bagrat Asatryan: Armenia’s GDP to fall 10% amid 8-10% inflation in 2015
Armenia will face a ten-percent economic decline in 2015, and inflation in the country will range from eight to ten percent, Bagrat Asatryan, a former head of the Central Bank of Armenia, said on Friday. YEREVAN, April 10. /ARKA/. Armenia will face a ten-percent economic decline in 2015, and inflation in the country will range from eight to ten percent, Bagrat Asatryan, a former ...
04/10/2015Some 2,600 children received social support in Armenia last year
Over the last year some 2,600 kids living in Yerevan and in the provinces received social and legal services, including psychological, pedagogical, educational and healthcare services, chairman of the Child Protection Network Gayane Asatryan said. YEREVAN, July 1. /ARKA/. Over the last year some 2,600 kids living in Yerevan and in the provinces received social and legal services, including psychological, pedagogical, educational and healthcare services, chairman of the Child ...
07/01/2014Former central bank governor predicts 1-3 percent economic decline this year
Bagrat Asatryan, a former governor of Armenia’s Central Bank, argued today that the Armenian economy may decline by 1-3% this year. YEREVAN, April 4. / ARKA /. Bagrat Asatryan, a former governor of Armenia’s Central Bank, argued today that the ...
04/04/2014Former central bank governor says replacement of premiere would not translate in tangible improvements
Bagrat Asatryan, a former governor of Armenia’s Central Bank, claimed today that the replacement of prime minister would not translate into any tangible economic or social improvement, ‘because Armenia needs systemic changes.’ YEREVAN, April 4. / ...
04/04/2014Bagrat Asatryan finds increase in public transport fares in Yerevan groundless
YEREVAN, July 22. /ARKA/. Bagrat Asatryan, a former head of the Central Bank of Armenia, speaking Monday at a news conference, said that the increase in public transport fares in Yerevan was groundless. YEREVAN, July 22. /ARKA/. Bagrat Asatryan, a former head of the Central Bank ...
07/22/2013Armenian prime minister introduces new labor and social affairs minister to staff
Armenian prime minister Tigran Sargsyan introduced today the new labor and social affairs minister Artem Asatryan to the ministry staff. Before this appointment Artem Asatryan served as deputy minister. YEREVAN, June 18. /ARKA/. Armenian prime minister Tigran Sargsyan introduced today the new labor and social affairs minister Artem Asatryan to the ministry ...
06/18/2012Asatryan: living standards in Armenia to get worse in 2012
Living standards in Armenia will change for the worse in 2012, Bagrat Asatryan, former chairman of the Central Bank of Armenia, said Friday at a news conference. YEREVAN, November 4. /ARKA/. Living standards in Armenia will change for the worse in 2012, Bagrat Asatryan, former chairman of the Central Bank of Armenia, said ...
11/05/2011Former Armenian central bank head forecasts ten-percent economic decline in 2009
On Thursday, Bagrat Asatryan, representative of opposition Armenian National Congress and former chairman of Central Bank of Armenia, speaking at a news conference, said Armenia will record ten-percent economic decline in 2009. YEREVAN, March 12. /ARKA/. On Thursday, Bagrat ...
03/13/2009Unemployment Armenia’s main problem next year
Unemployment will be problem number one for Armenia next year, said Bagrat Asatryan, the ex-chairman of the Central Bank of Armenia (CBA). YEREVAN, December 16. /ARKA/. Unemployment will be problem number one for Armenia next year, said Bagrat Asatryan, the ex-chairman of the Central Bank of Armenia (CBA). The RA Statistical ...
12/17/2008Favorable legislation and climatic conditions lead to rapid development of solar energy in Armenia
A favorable legislation and climatic conditions of Armenia has led to a rapid development of solar energy, Karen Asatryan, the head of the Renewable Resources and Energy Saving Fund, told a news conference today. YEREVAN, November 11. /ARКА/. A favorable legislation and climatic conditions of Armenia has led to a rapid development of solar energy, Karen Asatryan,...
11/11/2019Ex-head of central bank describes economic figures as positive
Armenia’s economic growth of about 6% this year is within the expected band and is quite positive, the ex-head of the Central Bank Bagrat Asatryan told reporters today. YEREVAN, December 21, /ARKA/. Armenia’s economic growth of about 6% this year is within the expected band and is quite positive, the ex-head of the Central Bank Bagrat Asatryan told reporters today. Speaking at a news ...
12/21/2018Notorious General Manvel detained in Echmiadzin
YEREVAN, June 18. /ARKA/. General Manvel Grigoryan, who is also a member of the Armenian National Assembly; Arthur Asatryan, a criminal lord known under Don Pipo alias, and four others, who are Russian citizens, were taken Saturday into law enforcement forces’ custody. The national security service officers searched the territories belonging to Manvel Grigoryan ...
06/18/2018Next year to be challenging for Armenian economy
The next year will be challenging for Armenia’s economy, Bagrat Asatryan, former head of the Central Bank of Armenia, said in an interview with Zhamanak (Time) Newspaper. YEREVAN, December 26. /ARKA/. The next year will be challenging for Armenia’s economy, Bagrat Asatryan, former head of the Central Bank ...
12/26/2017Sharp increase of cash turnover in Armenia due to electoral fraudulence – former central bank head
Bagrat Asatryan, former head of the Central Bank of Armenia, says the recent sharp increase of the country’s cash turnover in was due to electoral processes. YEREVAN, May 25. /ARKA/. Bagrat Asatryan, former head of the Central Bank of Armenia, says the ...
05/25/2017Armenia’s population will increase to 4 million by 2040 only if 50,000 ethnic Armenians immigrate back to their homeland annually
Armenia’s population will increase to 4 million by 2040 only if 50,000 ethnic Armenians immigrate back to their homeland annually, a former chairman of the Central Bank Bagrat Asatryan, told journalists on Wednesday, in comments on an earlier statement by president Serzh Sargsyan. YEREVAN, May 24. /ARKA/. Armenia’s population will increase to 4 million by 2040 only if 50,000 ethnic Armenians immigrate back to their homeland ...
05/24/2017GDP growth in Armenia not enough for economic development
Armenia’s GDP growth trend is positive, but not enough for economic advancement, former head of the Central Bank Bagrat Asatryan told a news conference on Wednesday. YEREVAN, May 24. /ARKA/. Armenia’s GDP growth trend is positive, but not enough for economic advancement, former head of the Central Bank Bagrat Asatryan told a news conference on Wednesday. According ...
05/24/2017People with disabilities to get equal opportunities in Armenia
... /ARKA/. At an extraordinary meeting on Friday the Armenian parliament passed in the first reading a draft law "On protection of rights and social inclusion of persons with disabilities." According to labor and social affairs minister Artem Asatryan, the proposed amendments bring the Armenian legislation in compliance with the corresponding UN Convention, which was ratified by Armenia and entered into force in 2010. He said the changes regulates the basic principles and areas of protection ...
12/16/2016No rise in pensions and benefits in 2017- minister says
Armenia’s draft state budget for 2017 does not provide for a rise in pensions and social benefits, labor and social affairs minister Artem Asatryan said today during a parliamentary debate on the next year’s draft budget convened by several parliamentary committees. YEREVAN, November 2. /ARKA/. Armenia’s draft state budget for 2017 does not provide for a rise in pensions and social ...
11/02/2016Every third resident of Armenia lives below poverty line – minister
Armenia’s poverty rate shed 2% in 2015, compared with the previous year, to 30%, Artem Asatryan, Armenian labor and social affairs minister, said Thursday presenting his ministry's 2015 performance report to the National Assembly’s committees. YEREVAN, May 26./ARKA/. Armenia’s poverty rate shed 2% in 2015, compared with the previous ...
05/26/2016Two and a half thousand people with disabilities registered as job seekers in Armenia
Two and a half thousand people with disabilities are registered currently at the State Employment Agency as job seekers, labor and social affairs minister Artem Asatryan said today. YEREVAN, February 26. /ARKA/. Two and a half thousand people with disabilities are registered currently at the State Employment Agency as job seekers, labor and social affairs minister Artem Asatryan said today. The overall number ...
02/26/2016Rural residents can spend childbirth benefits to buy real property or repay agricultural loans
Residents of Armenian rural and border communities can use the lump sum given by the government for the birth of a child to purchase real property or repay their agricultural loans, Labor and Social Affairs Minister Artem Asatryan said at a Cabinet session today. YEREVAN, November 26. /ARKA/. Residents of Armenian rural and border communities can use the lump sum given by the government for the birth of a child to purchase real property or repay their agricultural ...
11/26/2015Bagrat Asatryan expects no intensive flows of Iranian investments into Armenia’s economy
Bagrat Asatryan, a former head of the Central Bank of Armenia, expects no intensive flows of Iranian investments into Armenia's economy. YEREVAN, September 10. /ARKA/. Bagrat Asatryan, a former head of the Central Bank of Armenia, expects no intensive flows ...
09/10/2015Imbroglio in Armenia’s energy sector caused by ineffective management - former head of central bank
Bagrat Asatryan, a former chairman of the Central Bank of Armenia, thinks that imbroglio in Armenia’s energy sector emerged because of ineffective management. YEREVAN, June 26. /ARKA/. Bagrat Asatryan, a former chairman of the Central Bank of Armenia, thinks ...
06/26/2015About 6,800 Armenians to get compensations in 2014 for deposits frozen in Soviet Sberbank
About 6,800 citizens of Armenia will be paid compensations for their deposits frozen in Soviet Sberbank as of the end of 2014, the minister of labor and social affairs Artem Asatryan said at the draft budget discussions in the parliament committees on Friday. YEREVAN, October 31. /ARKA/. About 6,800 citizens of Armenia will be paid compensations for their deposits frozen in Soviet Sberbank as of the end of 2014, the ...
10/31/2014Effective combat against shadow economy requires separating political powers from businesses, former CB head says
To effectively combat the shadow economy Armenia’s top authorities must first of all separate political powers from businesses, which require a system approach, a former head of the Central Bank, Bagrat Asatryan, said to a news conference today, arguing that this problem can not be solved at the expense of small and medium-sized businesses only. YEREVAN, October 6. / ARKA /. To effectively combat the shadow economy Armenia’s top authorities ...
10/06/2014Armenia’s economy growth in 2014 to be 2.5% only – expert
Armenia will see only 2.5% economic growth in 2014. Ex-head of the central bank Bagrat Asatryan told a press conference on Wednesday. This can be easily considered a zero level, he said. YEREVAN, September 24. /ARKA/. Armenia will see only 2.5% economic growth in 2014. Ex-head of the central bank Bagrat Asatryan told a press conference ...
09/24/2014Armenia turns to active policy on unemployment - minister
Armenia has scrapped its passive policy of paying unemployment benefits and turned to active policy of ensuring employment among population, Armenia’s minister of labor and social affairs Artem Asatryan said Tuesday. YEREVAN, January 22. /ARKA/. Armenia has scrapped its passive policy of paying unemployment benefits and turned to active policy of ensuring employment of population, Armenia’s minister of labor and social affairs Artem ...
01/22/2014New pension system helps cut the number of retirees receiving pensions below poverty threshold - minister
Armenia’s social security and labor minister Artem Asatryan has again defended the shift to a new pension system, under which the amount of pensions will depend on workers’ lifelong social security contributions, saying it has helped to efficiently use government funds and cut the number of retirees ...
01/21/2014Bagrat Asatryan: Armenian government should revise tax policy on small and mid-scale businesses
Armenian government should revise its tax policy on small and mid-scale businesses to make it in tune with the expected economic developments in the country, Bagrat Asatryan, a former head of the Central Bank of Armenia, told ARKA News Agency today. YEREVAN, July 5. /ARKA/. Armenian government should revise its tax policy on small and mid-scale businesses to make it in tune with the expected economic developments ...
06/05/2013Armenia’s Minister of Labor and Social Affairs excludes further abuses in pension sphere
Minister of Labor and Social Affairs of Armenia Artem Asatryan told journalists Tuesday that infringements in pension sphere will not happen as long as he holds his position. YEREVAN, October 2. /ARKA/. Minister of Labor and Social Affairs of Armenia Artem Asatryan told journalists Tuesday that infringements ...
10/02/2012USAID: risks in introduction of defined contribution retirement scheme in Armenia minimal
... donors, such as USAID, will support the implementation of pension reforms also in the future. She said that individual risks are minimal as well, since everyone will be able to see own pension account online. Labor and Social Affairs Minister Artem Asatryan, on his side, said that risks are everywhere, including the present system. Stressing the importance of risk-managing system, he said that the package has a special risk-management component. Asatryan also stressed that the new system implies ...
09/14/2012To carry on pension reforms and introduce integrated system of social services: Minister
Armenia’s new labor and social affairs minister Artem Asatryan said today the agency’s key priorities will be to carry on the pension reforms and introduce an integrated system of social services. He said the ministry will get down to these challenges in the very near future. YEREVAN, June 18. /ARKA/....
06/18/2012Former Head Of Central Bank: 30% Of Armenia’s Population Live In Penury
People living beyond poverty line constitute 30% of Armenia’s population, Bagrat Asatryan, former chairman of the Central Bank of Armenia, said Thursday at a news conference. YEREVAN, September 22. /ARKA/. People living beyond poverty line constitute 30% of Armenia’s population, Bagrat Asatryan, former chairman of the Central ...
09/23/2011Ex-head of CB Armenia: agriculture develops ineffectively in Armenia
Agriculture develops ineffectively in Armenia which is not connected with funding terms, ex-head of CB Armenia Bagrat Asatryan considers. YEREVAN, April 6. /ARKA/. Agriculture develops ineffectively in Armenia which is not connected with funding terms, ex-head of CB Armenia Bagrat Asatryan considers. “The reasons for agricultural problems are not credits and ...
04/06/2011Asatryan: inflation in Armenia believed to be a little lower than 10% this year
Inflation in Armenia is believed to be a little lower than 10% this year, Bagrat Asatryan, former chairman of the Central Bank of Armenia, said Thursday.. YEREVAN, December 24. /ARKA/. Inflation in Armenia is believed to be a little lower than 10% this year, Bagrat Asatryan, former chairman of the Central Bank of Armenia, said Thursday ...
12/24/2010Bagrat Asatryan: Armenia’s Economy Has Drawn No Lessons from Global Crisis
Bagrat Asatryan, former chairman of the Central Bank of Armenia, thinks Armenia’s economy has drawn no lessons from the global crisis and has worked out no resistance mechanisms. YEREVAN, June 14. /ARKA/. Bagrat Asatryan, former chairman of the Central Bank ...
06/15/2010CBA Ex-Chairman Concerned about Armenia’s Economic Situation in 2008
Armenia’s economic situation is unfavorable this year, according to Ex-Chairman of the Central Bank of Armenia (CBA) Bagrat Asatryan. YEREVAN, July 4. /ARKA/. Armenia’s economic situation is unfavorable this year, according to Ex-Chairman of the Central Bank of Armenia (CBA) Bagrat Asatryan. He believes the main reason for the economic regress was the country’s ...
07/05/2008Ostrich farm founded in Masis
Armenak Asatryan, who founded an ostrich farm in Masis, moved to Armenia 4 years ago. He started the farm after studying the international experience in this area. YEREVAN, October 18, /ARKA/. Armenak Asatryan, who founded an ostrich farm in Masis, moved to ...
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